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More coordination is needed among the panoply of organizations seeking to make insurance industry technology more uniform and user-friendly for agents, according to the new president of the AMS Users Group.
The NAIC moved forward on a pair of controversial issues last week, voting to revisit the use of consumer credit information to determine insurance rates, as well as approving a modified survey to assess climate risks facing carriers.
With a new administration in power, an economic crisis in full bloom and insurance at the top of the news because of problems at AIG, there never was a more critical time for independent agents to make their voices heard in Washington.
There is now a large combine of states investigating the details of American International Group bonus compensation for executives, a spokesman for the New Jersey State Attorney General's Office said yesterday.
Newly proposed House legislation to end the insurance industry's anti-trust exemption has been attacked by two insurer trade group who call it a "punitive bill hinging on a false premise."
U.S. property and casualty insurers' loss reserves appear to have dropped close to breakeven sometime during the second half of 2008, according to a report by Moody's Investors Service.
There is now a large combine of states investigating the details of American International Group bonus compensation for executives, a spokesman for the New Jersey State Attorney General's Office said yesterday.
An academic specializing in insurance and risk management has voiced a concern that once an insurer elects U.S. regulation they will find it cost prohibitive to go back to the state.
Dozens of insurance trade group members spent a day lobbying Texas legislators yesterday urging them to find a proper solution to bankroll the state's badly depleted windstorm pool.
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